February 18, 2014 8:05 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Tuesday, Wunderlich Securities analyst David Askew initiated coverage on
Hi-Crush Partners LP (NYSE: HCLP) with a Hold rating and $42.00 price target.In the report, Wunderlich Securities noted, “We are initiating coverage of Hi-Crush Partners LP (HCLP) with a Hold rating and $42 price target. The stock was a top performing MLP in 2013 (152% price appreciation) and upward momentum has continued this year with solid industry fundamentals and visibility on double-digit distribution growth. After closing a large valuation gap in 2013, HCLP now trades at a premium to the energy MLP space arguably warranted by the multi-year growth outlook."At the same time, HCLP remains exposed to a more cyclical end market, and we believe further valuation expansion may be limited from here. We like the story and growth potential but believe units are fairly valued and would wait for a better entry point. Our $42 valuation implies a 12% total return from current levels and a 5.4% target yield.”H-Crush Partners LP closed on Friday at $39.40.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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